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Alcatel-Lucent CEO Ben Verwaayen stepping down

Alcatel-Lucent announced today that Ben Verwaayen is resigning after serving four years as CEO of the Franco-American network equipment maker.

The imminent resignation of Verwaayen, who will stay on while the company's board searches for a replacement, was previously reported by The Wall Street Journal.

"Alcatel-Lucent has been an enormous part of my life," Verwaayen said in a company statement. "It was therefore a difficult decision to not seek a further term, but it was clear to me that now is an appropriate moment for the Board to seek fresh leadership to take the company forward.&… Read more

Report: Alcatel-Lucent taps new chairman, CEO

Troubled Franco-American telecom Alcatel-Lucent has tapped two new top executives in a bid to turn its fortunes around, according to reports out Monday.

Philippe Camus, a former aerospace executive at EADS, will serve as the new chairman, while Ben Verwaayen, former head of BT Group PLC, will be chief executive. The Wall Street Journal said the announcement could be made as early as Tuesday morning. Alcatel-Lucent had no comment, according to the Journal.

It came as no surprise in July when Alcatel-Lucent announced that CEO Patricia Russo and Chairman Chairman Serge Tchuruk would depart later this year. Since former rivals Alcatel and Lucent … Read more